Government Confronts Private Business

The Honduran government held a press conference today with the participation of the Director of Executive Revenue Office (equivalent to the US’ IRS). During his participation he gave the revenues earned by the different sector of the economy such as hotels, food services, manufacturing and retail. All of these revenues where in two digit million lempira […]
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Wave of Job losses Hits Honduras

A wave of job losses has swept the country. The Honduran Work Ministry has been swamped with people who’s companies have fired them because they cannot pay the new minimum wage one sidedly authorized by the Honduran president Jose Manuel Zelaya Rosales. Many of the people there are carrying official notifications from their companies, that due to […]
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First Lost Jobs Reported

The first jobs lost due to the minimum wage increase have been reported in Choluteca’s mayors office. Choluteca’s mayor has officially declared that 147 people will be fired when the minimum wage increase becomes official. The mayors office will not have the capacity to pay the the higher wage salaries with its limited budget. If they […]
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Private Business Leaders To Discuss Minimum Wage

Honduras’ most prominent business leaders will meet today in San Pedro Sula to discuss the minimum wage increase that has been autohorized by the government of Honduras. The minimum wage has moved from Lps. 3,700 to Lps. 5,500, an increase which according to some private business owners will bring a wave of job losses across […]
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